Industry
As prominent corporations and even government agencies have faced highly public data breaches in recent years, cyber liability policies are gaining more attention and prominence in the insurance industry. Cyber policies have been around for the past 10 to 15 years, but have gained more submission volumes and buyers recently. That’s partly because of businesses […]
By Canadian Underwriter | September 28, 2012
1 min read
A.M. best has affirmed ratings for Hamilton, Ont.’s Old Republic Insurance Company of Canada. The insurance company has a financial strength rating (FSR) of “A” (excellent) and issuer credit rating of “a.” Best also affirmed ratings for various other United States subsidiaries of Old Republic International Corp (ORI), based in Chicago. “The ratings of Old […]
EagleEye Analytics has expanded its Canadian business by hiring an insurance industry executive to lead business development here. Stephen Halfpenny is based in Toronto and has been working in the industry for more than 35 years. He has held executive positions in underwriting, marketing and claims at American Reinsurance Company, Munich Re Canada and the […]
By Canadian Underwriter | September 27, 2012
Towers Watson has launched a new software offering for property and casualty pricing and underwriters, available globally. The new Radar software includes four products, the main offering being Radar Base. It allows for modelling and reporting for a variety of purposes, including portfolio monitoring, competitor rate analysis and business plan development. The tool also allows […]
If chief information officers (CIOs) at insurance companies had an extra $5 million in their budgets, most would target data and analytics as the top areas of spending, says a new report. Novarica, the research arm of consulting firm Novantas, posed the question to its insurer network of what they would do with an extra […]
By Canadian Underwriter | September 26, 2012
Most executives in the global financial services industry are confident in their companies’ information security programs, but they may not be as safe as they think, a recent report suggests. The Global State of Information Security Survey 2013, led by PricewaterhouseCoopers, included 1,338 respondents from the financial services industry, from companies of varying sizes worldwide. […]
2 min read
Lloyd’s of London has reported an interim profit of £1.53 billion (about $2.4 billion) for the first half of 2012 (ending June 30), the highest in five years. This is despite 2011 being what the company calls “the most expensive year on record for the insurance industry,” when it posted a loss of £697 million […]
Burns & Wilcox Canada has announced Nicole Abraham, BA, CIP, CRM as its new national sales and marketing manager, as part of its expansion strategy here. Abraham has more than 12 years of industry experience. Her most recent roles include business development manager and leader of broker management with Unica Insurance Company, where she worked for […]
Economical Insurance has partnered with Junior Achievement of Canada for an program that helps grade 8 students develop business-related skills and plan for their futures. Economical is providing $100,000 for volunteer support for the Economics for Success program, an initiative where students can explore opportunities for the future.. Volunteer mentors from Economical will visit the […]
By Canadian Underwriter | September 25, 2012
Montreal insurance provider XN Financial Services (Canada) Inc. has integrated staff and operations from Canadian Intermediaries Ltd. under its XN Special Risks brand. “Canadian Intermediaries Ltd. has an established reputation for expertise and solutions delivery, a substantial portfolio of business and is an ideal vehicle through which to distribute XN Financial’s suite of products in […]
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